Zegona Communications PLC Intercompany Transfer of Shares (9324Q)
03 March 2021 - 6:00PM
UK Regulatory
TIDMZEG
RNS Number : 9324Q
Zegona Communications PLC
03 March 2021
NOT FOR DISTRIBUTION, PUBLICATION OR RELEASE, IN WHOLE OR IN
PART, DIRECTLY OR INDIRECTLY, IN OR INTO OR FROM THE UNITED STATES
OR TO ANY US PERSON, CANADA, AUSTRALIA, JAPAN, THE REPUBLIC OF
SOUTH AFRICA OR ANY MEMBER STATE OF THE EUROPEAN ECONOMIC AREA
(OTHER THAN SPAIN) OR ANY OTHER JURISDICTION IN WHICH THE
DISTRIBUTION, PUBLICATION OR RELEASE WOULD BE UNLAWFUL.
ZEGONA COMMUNICATIONS PLC ("Zegona")
LEI: 213800ASI1VZL2ED4S65
3 March 2021
INTERCOMPANY TRANSFER OF SHARES
As part of an internal reorganisation of its holdings, Zegona
Communications PLC contributed today 3,878,965 shares in Euskaltel
S.A. with a value as at the closing mid-price on 2 March 2021 of
EUR31,807,513 to its subsidiary, Zegona Limited(*) , in exchange
for one Ordinary Share of Zegona Limited.
Enquiries
Tavistock (Public Relations adviser - UK)
Tel: +44 (0)20 7920 3150
Jos Simson - jos.simson@tavistock.co.uk
(*) Zegona Limited is considered a related party of Zegona
Communications PLC pursuant to DTR7.3 as a result of not being
wholly-owned and having issued Management Shares to certain members
of Zegona's management team. The transaction has no impact on the
value of the Management Shares .
About Zegona
Zegona was established in 2015 with the objective of investing
in businesses in the European Telecommunications, Media and
Technology sector and improving their performance to deliver
attractive shareholder returns. Zegona is led by former Virgin
Media executives Eamonn O'Hare and Robert Samuelson.
About Euskaltel
Euskaltel S.A. ("Euskaltel") is the leading converged
telecommunications provider in the North of Spain and has recently
expanded to offer services nationally. It provides high speed
broadband, data rich mobile, advanced TV and fixed communications
services to residential and business customers under the Euskaltel,
R Cable, Telecable and Virgin telco brands. Euskaltel is a public
company traded on the stock markets of Bilbao , Madrid , Barcelona
and Valencia .
IMPORTANT NOTICES
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List of the Financial Conduct Authority and the Main Market for
listed securities of the London Stock Exchange. This announcement
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END
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